Andurand hedge fund’s $100 oil bet stands out from the herd

Posted by: Anu Chandra on 12-08-2017

Hedge fund manager Pierre Andurand’s bet that oil will return to $100 a barrel has caught the attention of an industry more accustomed to energy executives warning they must prepare their companies to survive with prices less than half that level.

It is a call that pitches the French-born trader against some of the biggest trends that have come to dominate the oil market outlook, from the US shale oil revolution to the rise of electric cars, which have led the majority of investors to believe oil prices will be capped near $50 for the foreseeable future.